Transcript Lesson 4 - Feb 16 - 7106-02-03-Y3

Advanced Business English
Group Y3
John Silberstein
Lesson 4 – February 16, 2009
Vacabulary Review
Amid-dictionary.com: 1.in the middle of; surrounded by;
among: to stand weeping amid the ruins. 2.during; in or
throughout the course of.
Wholesalers-dictionary.com: the sale of goods in
quantity, as to retailers or jobbers, for resale. John’s
Definition: aggregator manufacturer’s products for
sale/distribution to retailers.
Plunged-dictionary.com: 1.to cast or thrust forcibly or
suddenly into something, as a liquid, a penetrable
substance, a place, etc.; immerse; submerge: to plunge a
dagger into one's heart. 2.to bring suddenly or forcibly into
some condition, situation, etc.: to plunge a country into
war; to pull a switch and plunge a house into darkness.
Stockpiles
Consecutive
Vocabulary Review
Stockpiles-dictionary.com: A supply stored for future
use, usually carefully accrued and maintained. John’s
Definition: A supply, such as inventory that is being
stored for future use. It can also be used to connote
overstocked inventory that will not be easily moved.
Consecutive-dictionary.com: following one another in
uninterrupted succession or order; successive: six
consecutive numbers, such as 5, 6, 7, 8, 9, 10.
Current Events
Oil majors mull mega-mergers as they eye minors
What is an example of an oil major?
Why are oil minor attractive acquistions for the majors?
What is an equity deal?
What are the biggest IOCs?
What might be some obstacles to these mergers?
Reading
Up, up and away
How has the T5 agreement facilitated the management of
the T5 project?
What is the major constraint to construction of the project?
How did BAA take on all the risk for conflicts during the
construction of the terminal?
How might this point to other core competencies for BAA?
Up, up and Away
The principal problem related to building airports:
Tricky building techniques
Need to interface with other transport links
Complex electronic systems
BAA’s options for managing the project:
Managing the project itself
Outsourcing to a project management group
The specific constraints inposed by the nature of the site:
Limited access to the building site
Limited storage
The major risks usually involved in managing a project like T5 (para 6):
Delays/Glitches – causing increased costs.
Legal problems and haggling
Work shut downs; therefore, time runs short.
Collocations
An arrangement or juxtaposition of words or other
elements, especially those that commonly co-occur,
as rancid butter, bosom buddy, or dead serious.
Complete the project management sentences using the
correct form of the verbs from the list which collocate with
the nouns in bold. In some sentences, more than one
verb is possible.
Miss reach establish achieve meet stick to set fix
The major risks usually involved in managing a project like
T5 (para 6):
Delays/Glitches – causing increased costs.
Legal problems and haggling
Work shut downs; therefore, time runs short.
Collocations
Miss reach establish achieve meet stick to set fix
Unless the team really pulls together, we’ll never ______
Meet the
deadline on the Malaysian order.
reach
The project has been difficult so far. However, once we ______
the next milestone, evething should get easier.
To make sense of our tasks, we need to _________
establish a timeframe
within which we can all work.
Frank is such an unreasonable boss: he always ______
sets our
targets for overseas sales too high.
Congratulations! We’ve __________
achieved our targets for quality this
year due to all your hard work.
We’ve been vague about the schedule for too long. It’s time we
_____a date for definite and move on.
fixed
In the end, I ________
missed my deadline for my accountancy project, but it didn’t matter: everybody
else was late too.
Sam’s excellent at getting things done on time, but she finds it impossible to _________
Stick to her
budget.